Gary H. Burner, Chief Financial Officer, Federal Financing Bank (FFB) announced the following activity for the month of December 2007.

FFB holdings of obligations issued, sold or guaranteed by other Federal agencies totaled $32.4 billion on December 31, 2007, posting an increase of $196.7 million from the level on November 30, 2007. This net change was the result of increases in net holdings of agency debt (U.S. Postal Service) of $149.5 million and in net holdings of government-guaranteed loans of $47.2 million. The FFB made 47 disbursements and received 21 prepayments during the month of December. The FFB also extended the maturities of 165 loans guaranteed by the Rural Utilities Service (“RUS”) and reset the interest rate for 3 loans guaranteed by the Department of Education during the month.

Attached to this release are tables presenting FFB December loan activity and FFB holdings as of December 31, 2007.

FEDERAL FINANCING BANK
DECEMBER 2007 ACTIVITY

Amount

Final

Interest

Borrower

Date

of Advance

Maturity

Rate

AGENCY DEBT

U.S. POSTAL SERVICE

U.S. Postal Service

12/03

$850,000,000.00

12/04/07

3.529%

S/A

U.S. Postal Service

12/03

$292,200,000.00

12/04/07

3.763%

S/A

U.S. Postal Service

12/04

$350,000,000.00

12/05/07

3.794%

S/A

U.S. Postal Service

12/04

$351,200,000.00

12/05/07

3.284%

S/A

U.S. Postal Service

12/05

$250,000,000.00

12/06/07

3.763%

S/A

U.S. Postal Service

12/05

$194,100,000.00

12/06/07

3.284%

S/A

U.S. Postal Service

12/06

$168,300,000.00

12/07/07

3.213%

S/A

U.S. Postal Service

12/14

$12,200,000.00

12/17/07

2.722%

S/A

U.S. Postal Service

12/17

$224,900,000.00

12/18/07

2.865%

S/A

U.S. Postal Service

12/28

$242,600,000.00

12/31/07

2.640%

S/A

U.S. Postal Service

12/31

$1,800,000,000.00

1/02/08

2.957%

S/A

U.S. Postal Service

12/31

$415,400,000.00

1/02/08

2.783%

S/A

GOVERNMENT-GUARANTEED LOANS

GENERAL SERVICES ADMINISTRATION

San Francisco Bldg Lease

12/06

$1,611.00

8/01/35

4.417%

S/A

Foley Services Contract

12/12

$18,388.03

7/31/25

4.271%

S/A

DEPARTMENT OF EDUCATION

*Dillard University

12/03

$79,089,811.36

6/02/08

3.366%

S/A

Dillard University

12/03

$372,697.19

6/02/08

3.366%

S/A

*Tougaloo College

12/03

$10,711,884.03

6/02/08

3.366%

S/A

Tougaloo College

12/03

$50,477.92

6/02/08

3.366%

S/A

*Xavier University

12/03

$70,798,489.42

6/02/08

3.366%

S/A

Xavier University

12/03

$333,625.76

6/02/08

3.366%

S/A

RURAL UTILITIES SERVICE

Gunnison County Elec. #2310

12/04

$1,461,000.00

12/31/41

4.266%

Qtr.

North Arkansas Elec. #2279

12/04

$6,500,000.00

12/31/40

4.261%

Qtr.

East Kentucky Power #2322

12/05

$25,000,000.00

12/31/40

4.259%

Qtr.

Central Iowa Power Coop #2311

12/07

$16,500,000.00

1/03/40

4.328%

Qtr.

East Kentucky Power #2322

12/11

$50,000,000.00

12/31/40

4.523%

Qtr.

High West Energy #2102

12/11

$400,000.00

1/03/39

4.512%

Qtr.

East Kentucky Power #2321

12/12

$25,000,000.00

12/31/40

4.386%

Qtr.

Central Iowa Power Coop #2311

12/14

$3,300,000.00

1/03/40

4.467%

Qtr.

Pineland Telephone #747

12/14

$371,000.00

12/31/19

3.933%

Qtr.

Brantley Telephone Co. #2301

12/18

$867,000.00

12/31/24

4.285%

Qtr.

Farmers Telephone #2203

12/18

$8,227,000.00

3/31/08

3.134%

Qtr.

Citizens Tel. of NY #2290

12/19

$113,000.00

1/03/23

4.116%

Qtr.

East Kentucky Power #2322

12/19

$50,000,000.00

12/31/40

4.480%

Qtr.

Forked Deer Electric #2226

12/19

$1,210,103.32

1/03/40

4.475%

Qtr.

N. Carolina Elec. #2260

12/19

$4,105,000.00

12/31/26

4.301%

Qtr.

Sioux Val.-Southwestern #2198

12/20

$3,000,000.00

12/31/35

4.376%

Qtr.

M & A Electric #2283

12/21

$2,467,000.00

1/03/40

4.384%

Qtr.

Tri-State #2052

12/21

$5,552,000.00

1/03/34

4.343%

Qtr.

Tri-State #2247

12/21

$6,450,000.00

12/31/35

4.361%

Qtr.

Tri-State #2298

12/21

$8,020,000.00

12/31/37

4.374%

Qtr.

Alabama Electric #2156

12/27

$1,495,000.00

12/31/37

4.602%

Qtr.

Alabama Electric #2157

12/27

$3,464,000.00

12/31/31

4.554%

Qtr.

Plumas-Sierra Elec. #2138

12/27

$616,000.00

12/31/37

4.538%

Qtr.

Shawnee Telephone Co. #2148

12/27

$2,415,000.00

1/03/23

6.258%

Qtr.

Associated Electric #2288

12/28

$30,280,000.00

12/31/25

4.335%

Qtr.

Central Elec. Power #2285

12/28

$7,012,000.00

1/03/11

3.217%

Qtr.

S. Illinois Power #2020

12/28

$1,056,000.00

1/03/33

4.491%

Qtr.

W. Farmers Elec. Coop. #2318

12/28

$2,934,000.00

12/31/24

4.299%

Qtr.

W. Farmers Elec. Coop. #2319

12/28

$15,021,000.00

12/31/40

4.541%

Qtr.

*Blue Grass Energy #674

12/31

$4,458,679.34

3/31/08

3.197%

Qtr.

*Blue Grass Energy #674

12/31

$1,781,253.91

3/31/08

3.197%

Qtr.

*Blue Grass Energy #674

12/31

$4,539,007.66

3/31/08

3.197%

Qtr.

*Blue Grass Energy #674

12/31

$4,632,939.11

3/31/08

3.197%

Qtr.

*Blue Grass Energy #674

12/31

$2,694,097.20

3/31/08

3.197%

Qtr.

*Brazos Electric #917

12/31

$350,311.02

3/31/08

3.197%

Qtr.

*Brazos Electric #917

12/31

$11,335.04

3/31/08

3.197%

Qtr.

*Brazos Electric #917

12/31

$597,640.68

3/31/08

3.197%

Qtr.

*Brazos Electric #917

12/31

$1,957,953.08

3/31/08

3.197%

Qtr.

*Brazos Electric #917

12/31

$1,540,056.29

3/31/08

3.322%

Qtr.

*Brazos Electric #437

12/31

$3,263,887.34

3/31/08

3.322%

Qtr.

*Brazos Electric #437

12/31

$1,102,977.19

3/31/08

3.322%

Qtr.

*Brazos Electric #437

12/31

$250,186.41

3/31/08

3.322%

Qtr.

*Brazos Electric #437

12/31

$2,396,534.61

3/31/08

3.322%

Qtr.

*Brazos Electric #437

12/31

$925,532.63

3/31/08

3.322%

Qtr.

*Brazos Electric #561

12/31

$8,553,785.92

3/31/08

3.197%

Qtr.

*Brazos Electric #561

12/31

$4,305,318.54

3/31/08

3.197%

Qtr.

*Brazos Electric #844

12/31

$9,617,176.65

12/31/36

4.424%

Qtr.

*Brazos Electric #2086

12/31

$4,951,956.52

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,924,740.72

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$1,856,627.25

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,949,825.46

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,949,825.46

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,949,825.46

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,947,235.56

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$5,161,945.58

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,959,994.54

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,959,994.54

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,959,994.54

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,959,994.54

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,959,994.54

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$3,502,748.14

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$3,574,521.24

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,971,517.72

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$3,983,149.32

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,978,936.65

12/31/37

4.428%

Qtr.

*Brazos Electric #2086

12/31

$4,978,936.65

12/31/37

4.428%

Qtr.

*Brazos Electric #2182

12/31

$1,385,672.69

1/03/39

4.433%

Qtr.

*Brazos Electric #2182

12/31

$3,286,698.25

1/03/39

4.433%

Qtr.

*Brazos Electric #2182

12/31

$2,825,269.54

1/03/39

4.433%

Qtr.

*Brazos Electric #2182

12/31

$4,980,129.70

1/03/39

4.433%

Qtr.

*Brazos Electric #2182

12/31

$5,282,921.59

1/03/39

4.433%

Qtr.

*Brazos Electric #2307

12/31

$2,740,000.00

12/31/40

4.441%

Qtr.

*Brazos Electric #2307

12/31

$5,000,000.00

12/31/40

4.441%

Qtr.

*Central Elec. Power #624

12/31

$4,743,231.53

1/03/11

3.120%

Qtr.

*Central Elec. Power #624

12/31

$4,833,239.37

1/03/11

3.120%

Qtr.

*Clark Energy Coop. #2087

12/31

$1,986,591.87

3/31/08

3.197%

Qtr.

*Cumberland Valley #668

12/31

$3,718,583.67

3/31/08

3.197%

Qtr.

*Cumberland Valley #668

12/31

$4,466,013.68

3/31/08

3.197%

Qtr.

*Cumberland Valley #2118

12/31

$2,128,474.71

3/31/08

3.197%

Qtr.

*Cumberland Valley #2118

12/31

$1,934,977.01

3/31/08

3.197%

Qtr.

*Cumberland Valley #2118

12/31

$2,895,188.68

3/31/08

3.197%

Qtr.

*Cumberland Valley #2118

12/31

$1,969,896.30

3/31/08

3.197%

Qtr.

*Cumberland Valley #2118

12/31

$1,097,101.68

3/31/08

3.197%

Qtr.

*Cooper Valley Tel. #648

12/31

$772,404.42

3/31/08

3.197%

Qtr.

*Cooper Valley Tel. #648

12/31

$175,759.93

3/31/08

3.197%

Qtr.

Dairyland Power #2262

12/31

$7,202,000.00

12/31/40

4.441%

Qtr.

*Darien Telephone Co. #719

12/31

$300,955.59

3/31/08

3.197%

Qtr.

*Fairfield Elec. #684

12/31

$2,863,077.57

3/31/08

3.197%

Qtr.

*Fairfield Elec. #684

12/31

$83,963.89

3/31/08

3.197%

Qtr.

*Farmer's Telephone #459

12/31

$15,774.83

3/31/08

3.322%

Qtr.

*Farmer's Telephone #459

12/31

$140,884.25

3/31/08

3.322%

Qtr.

*Fleming-Mason Energy #644

12/31

$2,249,578.86

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$1,211,311.64

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$1,297,833.94

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$1,903,489.78

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$1,211,311.64

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$2,624,704.95

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$2,601,105.15

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$2,748,352.06

3/31/08

3.197%

Qtr.

*Fleming-Mason Energy #644

12/31

$2,282,166.24

3/31/08

3.197%

Qtr.

*Farmers Telephone #399

12/31

$3,710,201.80

3/31/08

3.322%

Qtr.

*Farmers Telephone #399

12/31

$2,618,884.93

3/31/08

3.322%

Qtr.

*Farmers Telephone #399

12/31

$1,777,591.43

3/31/08

3.322%

Qtr.

*Farmers Telephone #399

12/31

$1,407,050.98

3/31/08

3.322%

Qtr.

*Farmers Telephone #399

12/31

$1,853,581.74

3/31/08

3.322%

Qtr.

*Farmers Telephone #399

12/31

$1,558,519.96

3/31/08

3.322%

Qtr.

*Farmers Telephone #399

12/31

$154,639.79

3/31/08

3.322%

Qtr.

*Farmers Telephone #476

12/31

$1,815,413.85

3/31/08

3.322%

Qtr.

*Farmers Telephone #476

12/31

$2,531,449.17

3/31/08

3.322%

Qtr.

*Farmers Telephone #476

12/31

$6,351,171.91

3/31/08

3.322%

Qtr.

*Farmers Telephone #476

12/31

$4,731,169.74

3/31/08

3.322%

Qtr.

*Farmers Telephone #476

12/31

$3,674,009.81

3/31/08

3.322%

Qtr.

*Farmers Telephone #476

12/31

$3,282,250.65

3/31/08

3.322%

Qtr.

*Farmers Telephone #476

12/31

$1,357,134.73

3/31/08

3.322%

Qtr.

*Farmers Telephone #2203

12/31

$1,743,168.36

3/31/08

3.197%

Qtr.

*Farmers Telephone #2203

12/31

$7,174,594.69

3/31/08

3.197%

Qtr.

*Farmers Telephone #2203

12/31

$4,214,744.15

3/31/08

3.197%

Qtr.

*FTC Communications #709

12/31

$5,151,115.42

3/31/08

3.197%

Qtr.

*FTC Communications #709

12/31

$1,539,395.01

3/31/08

3.197%

Qtr.

*FTC Communications #709

12/31

$1,983,728.15

3/31/08

3.197%

Qtr.

*FTC Communications #709

12/31

$2,537,005.31

3/31/08

3.197%

Qtr.

*FTC Communications #709

12/31

$894,040.63

3/31/08

3.197%

Qtr.

*FTC Communications #709

12/31

$1,065,245.71

3/31/08

3.197%

Qtr.

*FTC Communications #2101

12/31

$374,862.43

3/31/08

3.197%

Qtr.

*FTC Communications #2101

12/31

$2,910,484.20

3/31/08

3.197%

Qtr.

*FTC Communications #2101

12/31

$2,593,627.56

3/31/08

3.197%

Qtr.

*FTC Communications #2101

12/31

$2,685,031.99

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$1,038,267.16

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$519,133.59

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$865,222.64

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$1,120,922.53

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$885,413.27

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$2,242,328.73

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$916,117.36

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$935,796.74

3/31/08

3.197%

Qtr.

*Grayson Rural Elec. #619

12/31

$1,577,350.57

3/31/08

3.197%

Qtr.

*Harrison County #532

12/31

$861,704.03

3/31/08

3.197%

Qtr.

*Harrison County #532

12/31

$775,533.65

3/31/08

3.197%

Qtr.

*Harrison County #532

12/31

$867,517.68

3/31/08

3.197%

Qtr.

*Harrison County #532

12/31

$1,414,626.82

3/31/08

3.197%

Qtr.

*Harrison County #532

12/31

$1,523,018.33

3/31/08

3.197%

Qtr.

*Hoosier Energy Elec. #901

12/31

$17,425,006.19

1/03/17

3.633%

Qtr.

*Hudson Valley Datanet #833

12/31

$4,223,511.45

3/31/08

3.197%

Qtr.

*Hudson Valley Datanet #833

12/31

$3,078,000.00

3/31/08

3.197%

Qtr.

*Hudson Valley Datanet #833

12/31

$4,252,336.48

3/31/08

3.197%

Qtr.

*Hudson Valley Datanet #833

12/31

$1,689,404.58

3/31/08

3.197%

Qtr.

*Holmew-Wayne Elec. #455

12/31

$907,157.66

12/31/31

4.503%

Qtr.

*Inter-County Energy #592

12/31

$1,292,556.03

3/31/08

3.197%

Qtr.

*Inter-County Energy #592

12/31

$1,723,408.10

3/31/08

3.197%

Qtr.

*Inter-County Energy #592

12/31

$2,246,462.41

3/31/08

3.197%

Qtr.

*Inter-County Energy #592

12/31

$191,214.19

3/31/08

3.197%

Qtr.

*Inter-County Energy #850

12/31

$3,710,527.89

3/31/08

3.197%

Qtr.

*Inter-County Energy #850

12/31

$1,855,263.93

3/31/08

3.197%

Qtr.

*Inter-County Energy #850

12/31

$1,855,380.51

3/31/08

3.197%

Qtr.

*Inter-County Energy #850

12/31

$3,291,742.57

3/31/08

3.197%

Qtr.

*Inter-County Energy #850

12/31

$3,035,761.86

3/31/08

3.197%

Qtr.

*Inter-County Energy #850

12/31

$3,500,454.95

3/31/08

3.197%

Qtr.

*Inter-County Energy #850

12/31

$3,121,700.94

3/31/08

3.197%

Qtr.

*Ironton Telephone Co. #888

12/31

$2,666,494.33

3/31/08

3.197%

Qtr.

*Ironton Telephone Co. #2051

12/31

$2,602,543.59

3/31/08

3.197%

Qtr.

*Johnson County Elec. #428

12/31

$3,099,284.63

12/31/31

4.503%

Qtr.

*Johnson County Elec. #428

12/31

$1,092,220.54

12/31/31

4.503%

Qtr.

*La Plata Electric #2140

12/31

$23,308,104.21

3/31/08

3.197%

Qtr.

*Licking Valley Elec. #522

12/31

$2,368,824.39

3/31/08

3.197%

Qtr.

*Licking Valley Elec. #854

12/31

$1,867,376.37

3/31/08

3.197%

Qtr.

*Licking Valley Elec. #854

12/31

$1,912,463.72

3/31/08

3.197%

Qtr.

*Licking Valley Elec. #854

12/31

$1,947,452.92

3/31/08

3.197%

Qtr.

*Licking Valley Elec. #854

12/31

$4,721,785.59

3/31/08

3.197%

Qtr.

*Lynches River Elec. #634

12/31

$358,598.36

1/03/11

3.120%

Qtr.

*Medina Electric #622

12/31

$1,323,245.31

3/31/08

3.197%

Qtr.

*Medina Electric #622

12/31

$1,329,252.10

3/31/08

3.197%

Qtr.

*Medina Electric #622

12/31

$725,387.28

3/31/08

3.197%

Qtr.

*Medina Electric #2050

12/31

$1,903,058.99

3/31/08

3.197%

Qtr.

*Medina Electric #2050

12/31

$956,991.05

3/31/08

3.197%

Qtr.

*Monitor Coop. Tele. #402

12/31

$61,302.84

12/31/09

3.249%

Qtr.

*Moundville Telephone #2159

12/31

$843,804.01

3/31/08

3.197%

Qtr.

*Moundville Telephone #2159

12/31

$236,973.79

3/31/08

3.197%

Qtr.

*Nolin Rural Elec. #528

12/31

$1,631,205.69

3/31/08

3.197%

Qtr.

*Nolin Rural Elec. #577

12/31

$2,225,781.50

3/31/08

3.197%

Qtr.

*Nolin Rural Elec. #577

12/31

$2,225,781.50

3/31/08

3.197%

Qtr.

*Nolin Rural Elec. #840

12/31

$3,710,527.89

3/31/08

3.197%

Qtr.

*Nolin Rural Elec. #840

12/31

$2,734,659.06

3/31/08

3.197%

Qtr.

*Northern Electric #666

12/31

$371,814.15

1/02/35

4.410%

Qtr.

*Northstar Technology #811

12/31

$1,421,099.04

3/31/08

3.197%

Qtr.

*Northstar Technology #811

12/31

$775,077.83

3/31/08

3.197%

Qtr.

*Piedmont Rural Tel. #2002

12/31

$2,076,647.66

3/31/08

3.197%

Qtr.

*Piedmont Rural Tel. #2002

12/31

$1,370,575.20

3/31/08

3.197%

Qtr.

*PRTCommunications #798

12/31

$3,590,660.90

3/31/08

3.197%

Qtr.

*PRTCommunications #798

12/31

$1,345,937.04

3/31/08

3.197%

Qtr.

*PRTCommunications #798

12/31

$597,999.42

3/31/08

3.197%

Qtr.

*PRTCommunications #798

12/31

$844,444.46

3/31/08

3.197%

Qtr.

*San Miguel Electric #919

12/31

$5,287,560.04

3/31/08

3.197%

Qtr.

*San Miguel Electric #919

12/31

$5,551,999.93

3/31/08

3.197%

Qtr.

*Thumb Electric #767

12/31

$813,517.44

12/31/35

4.418%

Qtr.

*Virgin Islands Tel. #2089

12/31

$56,226,671.79

3/31/08

3.197%

Qtr.

S/A is a Semiannual rate
Qtr. is a Quarterly rate
* maturity extension or interest rate reset or principal rollover